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Shelly Sterling: Trust agrees to sell Clippers to Steve Ballmer (2 billion Dollars)
LA Times ^ | Msy 30, 2014 1:30 am | John Cherwa

Posted on 05/30/2014 9:30:15 AM PDT by Ernest_at_the_Beach

The sale of the Clippers continued on its bizarre journey late Thursday night when representatives of co-owner Shelly Sterling sent out a media release that the Sterling family trust has agreed to sell the team to former Microsoft Chief Executive Steve Ballmer for $2 billion.

(Excerpt) Read more at latimes.com ...


TOPICS: Business/Economy; News/Current Events; US: California
KEYWORDS: laciippers; nba
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To: Ernest_at_the_Beach

Big money is in English soccer. A league that has a global audience.


21 posted on 05/30/2014 9:47:44 AM PDT by dfwgator
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To: Ernest_at_the_Beach

I’ve often wondered why the Clippers didn’t move to Anaheim/Orange County years ago. They’ll always be second billing in LA.


22 posted on 05/30/2014 9:49:22 AM PDT by Marathoner (What are we waiting for? Where are the Articles of Impeachment?)
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To: PrivateIdaho

I think he had to agree NOT to move them, agreement with the NBA.


23 posted on 05/30/2014 9:49:27 AM PDT by Ernest_at_the_Beach
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To: Enterprise

“He bought the team for 12.5 million, and now he will get 2 BILLION. Take THAT STERLING!”

Sterling is a bigger imbecile than Stern. Truly an intellectual lightweight. They may be racists but they’ll be rich billionaire racists LOL


24 posted on 05/30/2014 9:50:13 AM PDT by max americana (fired liberals in our company last election, and I laughed while they cried (true story))
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To: House Atreides

White privilege!


25 posted on 05/30/2014 9:50:39 AM PDT by COUNTrecount (There's no there there.)
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To: Ernest_at_the_Beach

And now for a female view: I should look so good at 80.

Shelley is nobody’s fool. And their lawyers are smart too.


26 posted on 05/30/2014 9:51:04 AM PDT by Veto! (OpInions freely dispensed as advice)
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To: dfwgator

Don’t forget the tv contract with Fox sports going be up in 2016 that going big money maker aka Lakers and LA Dodgers


27 posted on 05/30/2014 9:51:30 AM PDT by SevenofNine (We are Freepers, all your media bases belong to us ,resistance is futile)
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To: dfwgator

You talking about Ballmer?


28 posted on 05/30/2014 9:52:22 AM PDT by Ernest_at_the_Beach
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To: dfwgator
According to Forbes, the Lakers are worth 1.3 Billion.

And according to Forbes the Clippers were worth half that. It is insane, but at the end of the day the value of a team is what someone is willing to pay for it. And right now the rest of the NBA owners would bestow sainthood on Sterling's wife if they could, because the ridiculous price she got just upped the value of their franchises by tens of millions, if not hundreds of millions, of dollars.

29 posted on 05/30/2014 9:53:44 AM PDT by DoodleDawg
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To: Veto!
I am a few years younger than Donald...I would be interested in Shelley ,...She is still attractive.,
30 posted on 05/30/2014 9:57:55 AM PDT by Ernest_at_the_Beach
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To: Ernest_at_the_Beach

Ill say it because everyone is thinking it. This was a scam. He isn’t David Duke, he’s Bernie Madoff. Very clever.


31 posted on 05/30/2014 9:58:18 AM PDT by Viennacon
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To: dfwgator

I heard from an unknown source that he wants to move the team to Seattle and change their name to Windows 8.


32 posted on 05/30/2014 9:58:50 AM PDT by Cicero (Marcus Tullius)
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To: Ernest_at_the_Beach

I hope you folks all realize that BOTH Sterlings will probably die soon - from laughing so hard...

...kinda like I am right now.

This may go down as one of the greatest hustles in American History.

Oh and BTW, how much of that $2B will the wiretapping slut get? And what about that $2.5M fine?

Think about it.


33 posted on 05/30/2014 9:59:36 AM PDT by jimjohn (You don't get the kind of government you want, or the kind you need. You get the kind you deserve.)
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To: DoodleDawg

Guess now Sterling can afford a good looking girlfriend.

Better Balmer than Oprah the racist or Johnson, the sex addict with AIDS.

what a profit margin


34 posted on 05/30/2014 10:01:34 AM PDT by Zenjitsuman (New Boss Nancy Pelosi)
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To: jimjohn
I have a conspirary theory....about the slut and Magic...
35 posted on 05/30/2014 10:03:50 AM PDT by Ernest_at_the_Beach
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To: Ernest_at_the_Beach

You go, Ern. An attractive woman with a billion bucks is a good choice for you, and I fully support your efforts. Wedding invitation?


36 posted on 05/30/2014 10:03:59 AM PDT by Veto! (OpInions freely dispensed as advice)
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To: dfwgator

I think that sames Forbes article put the value on the Clips at $800,000.

So, 2 Billion Dollars? It makes no sense at all.


37 posted on 05/30/2014 10:04:55 AM PDT by Responsibility2nd (NO LIBS. This Means Liberals and (L)libertarians! Same Thing. NO LIBS!!)
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To: Zenjitsuman

apparently the NBA doesn’t allow blacks into the owners circle


38 posted on 05/30/2014 10:06:30 AM PDT by morphing libertarian ( On to impeachment and removal (IRS, Benghazi)!!!)
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To: dfwgator

> According to Forbes, the Lakers are worth 1.3 Billion.

It makes no sense.

If it bankrupts another I’ll still be happy though...


39 posted on 05/30/2014 10:06:34 AM PDT by jsanders2001
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To: Ernest_at_the_Beach

ESPN radio is saying they only sold the team-—NOT the rights for TV, souvenirs, etc.


40 posted on 05/30/2014 10:06:40 AM PDT by ridesthemiles
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